Indonesia

Enforcement

Software Giant SAP to Pay Over $220m to Resolve FCPA Violations

By Editors | 12/01/2024

SAP paid bribes to government officials in South Africa, Indonesia, Malawi, Kenya, Tanzania, Ghana and Azerbaijan.

Capital / Liquidity

Indonesia’s OJK Lowers Interest Rate Cap for Online Lenders

By Mark Johnston | 09/01/2024

The new regulations tighten th caps on interest rates and late fees while also lowering borrowing limits imposed on debtors.

Market Infrastructure

Indonesia to Introduce Market Maker Regulations in 2024

By Mark Johnston | 08/01/2024

IDX plans to boost stock market liquidity and transaction value by implementing market maker regulations in 2024.

Crypto / Digital Assets

Indonesia Requires Crypto Exchanges to Register with National Bourse

By Mark Johnston | 02/01/2024

Crypto exchanges operating in Indonesia will have to register with the country’s new national exchange for digital assets.

Fintech / Regtech

Indonesia OJK Issues New Rules to Support Banking Digitalisation

By Mark Johnston | 30/12/2023

The new regulations aim to provide a level playing field and guidance for banks in developing digital services and assessing digital maturity.

Crypto / Digital Assets

Bank Indonesia to Trial Digital Rupiah in 2024

By Editors | 29/12/2023

Based on feedback to a Jan 2023 consultation paper, Bank Indonesia has decided to proceed with a series of experiments to develop a digital rupiah.

Market Infrastructure

Indonesia, Korea Finalise Rules for Local Currency Transactions

By Mark Johnston | 14/12/2023

The two countries unveil operational guidelines that will implement a local currency transactions framework in 2024.

AML / KYC

Indonesia, UAE Central Banks Agree to Expand Cooperation

By Editors | 08/12/2023

BI and CBUAE will strengthen cooperation in areas including monetary policy, financial stability, payments, AML/CFT, and Islamic finance.

ESG / Sustainability

OJK Indonesia Launches Roadmap to Boost Islamic Banking

By Editors | 29/11/2023

The roadmap consists of five pillars, including one focusing on ensuring Islamic banking places emphasis on social welfare alongside profitability.